Friday, March 2, 2018

Liberty Media Revenue Increased 8% During 2017

Liberty Media Corporation Thursday reported fourth quarter and year end 2017 results.

Highlights include :
  • SiriusXM reported strong full year 2017 results
  • 2017 revenue climbed 8% to $5.4 billion
  • Self-pay net subscriber additions of 1.56 million in 2017
  • 2017 net income totaled $648 million after $185 million charge related to Tax Cuts and Jobs Act
  • Adjusted EBITDA(2) grew 13% to a record $2.12 billion in 2017
  • SiriusXM beat 2017 financial and subscriber guidance, confirmed expectations for growth in 2018
  • SiriusXM’s Board of Directors approved additional $2 billion to share repurchase program
  • Liberty Media’s ownership of SiriusXM stood at 70.4% as of January 29th

“SiriusXM delivered another outstanding year of results and continues to innovate with the launch of 360L. When Liberty completed its purchase of F1 last January, we knew the business would require investment to achieve its full potential. Chase Carey and team made great progress on their strategic goals and we look forward to more in 2018,” said Greg Maffei, Liberty Media President and CEO. “The Atlanta Braves increased revenue in 2017 by an astounding 47%, demonstrating the appeal of the new SunTrust Park and Battery Atlanta.”

No comments:

Post a Comment